Quickie: DS’ Q1 shows solid start to 2017

As always, there’s a lot to unpack in a Dassault Systèmes earnings release, so here are the bare facts while I catch up on the earnings calls, presentations and press releases:

Total revenue in Q1 was €760 million, up 10% as reported and up 7% in constant currencies (cc)]

Software revenue was €670 million, up 9% as reported and up 7% cc

The above is all IFRS, Europe’s version of GAAP. On a non-IFRS basis, SOLIDWORKS software revenue was up 15% (up 12% cc) to €174 million, while

CATIA software revenue was €236 million, up 7% (up 4% cc), and

ENOVIA software revenue was €74 million, up 4% (up 2% cc)

Other Software, which included SIMULIA, EXALEAD, other brands –and now CST– was €192 million, up 13% (up 10% cc) due to CST (which was acquired late last year) and growth in the QUINTIQ, EXALEAD and SIMULIA brands

DS sees Q2 as slowing a bit, with non-IFRS total revenue of €805 million to €815 million, up 6% to 7%. For the year, the company forecasts non-IFRS revenue growth of about 6% to 7% in constant currencies, or total revenue of €3.290 to €3.315 billion.

Lots more on forecasts, geos, products, channel, oh my, after the calls.